Trump Gave $425B In Federal Contracts To Corporations That Offshored 200K Jobs
President Donald Trump spent much of his 2016 campaign promising voters he would stem the tide of companies offshoring jobs, but a new report reveals that an additional 200,000 American jobs have been sent overseas on his watch, according to Common Dreams.
- An analysis by Public Citizen found that Trump’s claim that he would withhold government contracts from companies that offshored jobs in order to encourage them to bring jobs back to the U.S. was an empty threat.
The report (pdf), Promises Made, Workers Betrayed: Trump's Bigly Broken Promise to Stop Job Offshoring, was released during a press conference and is based on an analysis of data from the Department of Labor on trade-related job loss as well as data on federal procurement.
Instead, the report reveals, eight of the top 10 corporations receiving government contracts during Trump's time in office have participated in offshoring.
According to the analysis, of the more than 300,000 U.S. workers who have lost their jobs as a result of worsening trade deficits during the Trump presidency, just over 200,000 of those jobs were classified as offshored.
- The report shows that $425.6 billion in public money went to companies that sent jobs overseas in the past four years.
- Per the report, this means "at least one of every four taxpayer dollars spent by the federal government on procurement contracts during the Trump administration went to the pockets of companies that offshored American jobs."
The report states that "the Trump administration awarded an average of 2.5 times the amount, or $10 billion more, in contracts to firms that offshored during his term than those that did not."
Boeing, General Electric (GE) and United Technologies (UT) were among the biggest beneficiaries of federal contracts under Trump, despite all three offshoring jobs to lower-wage locations, the analysis shows.
Public Citizen found that during the Trump administration alone, Boeing offshored 5,800 jobs, GE offshored 2,046, and UT offshored 1,572.
Public Citizen found that during the Trump administration alone, Boeing offshored 5,800 jobs, GE offshored 2,046, and UT offshored 1,572. The latter was awarded $15.1 billion dollars in federal procurement contracts between 2017 and 2019 even while offshoring at least 1,300 jobs at its Carrier subsidiary that President-elect Trump promised to save.
- The researchers wrote that Trump "has failed to use any of the expansive authorities over procurement policy that all presidents have and that past presidents have employed to deliver on their policy commitments and goals.”
- Lori Wallach, director of Public Citizen's Global Trade Watch, said of the contradiction between Trump’s campaign promises and actual policies maneuvers:
"This is straight up promises made, workers betrayed.”